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☆ LDP election: Japan’s next prime minister could be its first woman leader
▼ + stars: | 2024-09-26 | by ( Helen Regan | ) edition.cnn.com time to read: +6 min

CNN —Japan’s ruling party will elect its new leader Friday, and the winner will become the country’s next prime minister. Prime Minister Fumio Kishida is not in the running after his surprise announcement last month that he would step down following a series of political scandals that fueled calls for him to resign. With the upcoming US presidential election, the new prime minister will navigate Japan’s relations with a new American leader at a time of growing security challenges in Asia, including an increasingly assertive China and a belligerent North Korea. Koizumi, 43, is the US-educated, charismatic son of popular former prime minister Junichiro Koizumi, and could be Japan’s youngest prime minister of the post-war period. He sits on the more progressive wing of the conservative party.

Persons: CNN —, Shinjiro Koizumi, Shigeru Ishiba, Fumio Kishida, haven’t, Kishida, “, Koizumi, ” Yu Uchiyama, Margaret Thatcher, Shinzo Abe, –, Junichiro Koizumi, acceding, Ishiba Organizations: CNN, Liberal Democratic Party, LDP, Partnership, Tokyo University, Reuters, Bank of, NATO Locations: Japan, China, Japan’s, American, Asia, North Korea, Pacific, South Korea, Bank of Japan

☆ Golden Opportunity to Boost Job, Labor Market: Raise the Minimum Wage
▼ + stars: | 2024-08-08 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The federal minimum wage, which has been stuck at $7.25 an hour for 15 years. Given the situation, here's an idea: Why not raise the federal minimum wage right now? Getting anything done legislatively is always a challenge, especially in an election year, but polls indicate a higher minimum wage is broadly popular. AdvertisementOnce the minimum wage gets so high that it starts to cause a bunch of job loss, that's a problem. If a higher minimum wage lifts millions of people out of poverty, that's incredible.

Persons: it's, Yannet Lathrop, California's, It's, Jacob Vigdor, Vigdor, Justin Wiltshire, Michael Reich, David Neumark, shouldn't, we've, they've, Emily Stewart Organizations: Bureau of Labor Statistics, National Employment, New York Times, Congressional, University of Washington, University of Victoria, UC Berkeley's Center, Dynamics, University of California, Business Locations: Nebraska, Florida, Washington ,, Washington, West, Wisconsin, Iowa, Mississippi, South Carolina, Seattle, California, British Columbia, New York, Irvine, America, Wiltshire

Analyst Stephen Grambling reiterated his overweight rating on shares, which he thinks should move higher based on potential earnings upside. Analyst Christopher Horvers upgraded the big-box retailer to overweight and hiked his price target by $15 to $81, which suggests 25.4% potential upside. Analyst Tom O'Malley's price target is now $145 per share, which implies 19.9% potential upside from Friday's close. Ramsey also attributed his new price target to the firm's latest data center modeling which estimates a software-based revenue breakout for Nvidia. He raised his price target to $150, which implies 40.8% upside from Friday's close.

Persons: Morgan Stanley, Stephen Grambling, Grambling, — Pia Singh, Christopher Horvers, Horvers, Tom, O'Malley, TD Cowen, Matthew Ramsey, Ramsey, Rajat Gupta, Gupta, CVNA, Joseph Moore, Moore, Fred Imbert Organizations: CNBC, Monday, JPMorgan, North America Gaming, Illinois Senate, Walmart, Nvidia, Barclays Barclays, Sovereign, Broadcom, AMD Locations: Illinois, North, IL

☆ Puerto Rico Governor Loses Primary to Former Ally
▼ + stars: | 2024-06-02 | by ( Patricia Mazzei | ) www.nytimes.com time to read: +1 min

Pedro R. Pierluisi of Puerto Rico lost his bid for a second term on Sunday, suffering a rare defeat by a sitting governor on the island after a rancorous primary. Mr. Pierluisi was defeated by Jenniffer González-Colón, Puerto Rico’s nonvoting member of Congress, in the primary for the governing New Progressive Party, which supports Puerto Rican statehood, The Associated Press reported. But in challenging Mr. Pierluisi, her former ally, Ms. González-Colón cast his administration as out of touch and ineffective. Puerto Rican politics do not neatly align with partisan politics in the mainland. While Mr. Pierluisi and Ms. González-Colón both belong to the pro-statehood party, Mr. Pierluisi is a Democrat and Ms. González-Colón is a Republican.

Persons: Pedro R, Pierluisi, Jenniffer González, Colón Organizations: Puerto Rico, New Progressive Party, Associated Press, New Progressive, Republican Locations: Puerto, Puerto Rican

☆ What Donald Trump might do if he wins a second term in 2024
▼ + stars: | 2024-05-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

Read previewIn January 2025, Donald Trump may be sworn into office as the 47th President of the United States. Another Trump term, on the other hand, would likely entail a radical reversal from not just the previous four years, but even from Trump's first term in office. While not exhaustive, here's just some of what to expect in a second Trump administration. Miller told The New York Times that a second Trump administration would build "vast holding facilities that would function as staging centers" on "open land in Texas near the border." According to Bloomberg, Trump wants to extend those cuts in a second term.

Persons: —, Donald Trump, Joe Biden, Biden, Trump, Trump's, That's, mifepristone, Stephen Miller, Miller, Alex Wong, Nixon, shouldn't, he's, Israel, there's Organizations: Service, Business, Trump, The New York Times, Heritage Foundation's, Senate, Federal Communications Commission, Federal Trade Commission, Federal Reserve, Congress, TIME, Republican, National Guard, United, Department of Justice, Capitol Police, Atlantic Treaty Organization, State Department, Pentagon, Bloomberg, American, Security, Social Security, CNBC Locations: United States, Texas, CPAC, China, Ukraine, Gaza, Israel, Europe, Washington ,

☆ The Protests Help Trump - The New York Times
▼ + stars: | 2024-05-02 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

These days, I think a lot about Donald Trump. When the monthly economic reports come out, I think: Will this help elect Donald Trump? In the 1960s, for example, millions of young people were moved to protest the war in Vietnam, and history has vindicated their position. In 1968, Richard Nixon celebrated the “forgotten Americans — the nonshouters; the nondemonstrators” and was elected to the presidency. Far from leading to a new progressive era, the uprisings of the era were followed by what was arguably the most conservative period in American history.

Persons: Donald Trump, I’ve, —, Ronald Reagan, “, Berkeley ”, Richard Nixon, Vincent Bevins Organizations: Berkeley Locations: Israel, Gaza, Vietnam, California, Egypt, Turkey, Brazil, Ukraine, Hong Kong

☆ Spain election: More likely that a progressive coalition government will win out, professor says
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpain election: More likely that a progressive coalition government will win out, professor saysSebastiaan Faber, professor of Hispanic studies at Oberlin College, says "it seems much more likely that a new progressive coalition government will win out than a center-right … government, as all the polls have been predicting."

Persons: Sebastiaan Faber Organizations: Spain, Oberlin College

☆ Chile's voters set to take big step in constitution redraft 2.0
▼ + stars: | 2023-05-05 | by ( Natalia A. Ramos Miranda | ) www.reuters.com time to read: +3 min

REUTERS/Rodrigo GarridoSANTIAGO, May 5 (Reuters) - Chileans will vote to elect 50 constitutional advisers on Sunday, a major step towards rewriting the constitution, after voters overwhelmingly rejected a first attempt in a plebiscite last September to replace the dictatorship-era charter. The so-called Constitutional Council that voters are set to elect will work as of June on the new constitution, based on a preliminary draft prepared by a commission of 24 experts that Congress appointed in March. "I voted to approve (in September), I wanted a new constitution and to get rid of the dictatorship's constitution, but now I'm not really interested." He stressed that traditional political forces are now more in control of the process, unlike the failed first attempt. It seems "likely that no single bloc or party will win enough seats to independently steer the process without compromise," Watson said.

He voted against the Puerto Rico Status Act on the floor last week, calling for "letting a full and robust legislative process take place." One of the bill’s main negotiators, Rep. Nydia Velázquez, D-N.Y., the first Puerto Rican woman elected to Congress, is confident about more congressional hearings on Puerto Rico's territorial status in the new year. That’s intentional, said Resident Commissioner Jenniffer González-Colón, a Republican nonvoting member of Congress representing Puerto Rico who favors statehood and helped negotiate the Puerto Rico Status Act. What’s next for Puerto Rico’s territorial status? Excluding Puerto Rico’s territorial status also gives Wicker and others pause.

The first was Democrat Wes Moore, who beat Republican Dan Cox, becoming Maryland’s first Black governor, and only the third Black governor in the country. Black female candidates hoped to make history across gender and racial lines in several states, from Rep. Val Demings and Aramis Ayala in Florida to Chelsea Clark in Ohio and several women bidding to be the country’s first Black female governor. Although many of these key races ended in upsets for the Black female Democratic candidates, some states have ushered in new progressive representation. And in Massachusetts, Democrat Andrea Campbell beat out Republican Jay McMahon to become the state’s first Black female attorney general. “What we just saw in the midterms is that these Black women were able to inspire multiracial coalitions that enabled their wins.

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